Cross-shareholdings held to strengthen relationships and promote collaboration
First written in FY2018. 5 of 7 entries say "Advanced", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「After reviewing the significance and policy for holding the shares, the company sells shares deemed to have limited need for continued ownership.」
For strategically held shares, the company holds 52 unlisted issues worth ¥10,308 million and 16 listed issues or other securities worth ¥62,259 million, sold 1 issue for ¥7,286 million, and additionally acquired 1 issue to form a friendly business relationship. - FY2025AdvancedAnnual report
「Unlisted shares: 52 issues, ¥10,420 million Shares other than unlisted shares: 16 issues, ¥66,666 million After reviewing the significance and policy for holding the shares, the company sells shares deemed to have limited need for continued ownership.」
For strategically held shares, the company updated the number and value of its holdings, selling 1 listed issue or other security for ¥8,236 million while additionally acquiring 2 unlisted issues and 1 listed issue to strengthen relationships and for other reasons. - FY2024AdvancedAnnual report
「Unlisted shares: 50 issues, ¥10,375 million Shares other than unlisted shares: 16 issues, ¥68,499 million After reviewing the significance and policy for holding the shares, the company sells shares deemed to have limited need for continued ownership.」
For strategically held shares, the company updated the number and value of its holdings, selling 1 unlisted issue and 2 listed issues and additionally acquiring 1 issue of each type to strengthen relationships and for other reasons during the fiscal year. - FY2023AdvancedAnnual report
「After reviewing the significance and policy for holding the shares, the company sells shares deemed to have limited need for continued ownership. For shares other than unlisted shares, 1 issue was sold for total proceeds of ¥3,419 million.」
For strategically held shares, the company states that it continues to sell shares based on reviews of the significance and policy for holding them, and sold 1 listed issue for ¥3,419 million. - FY2022AdvancedAnnual report
「Based on its investment rules, the committee examines the economic rationality of making an investment and continuing to hold it in light of its purpose, size, form, necessity, risks and profitability. In verifying economic rationality, it also considers the balance between the cost of capital and quantitative returns from the investment. In addition, it conducts a multifaceted review of qualitative significance, enabling the Board of Directors to determine whether an investment should be made and whether it should continue, based on the rules, the results of the committee’s reviews and other factors. Shares determined to have limited need for continued ownership after reviewing their significance and the policy for holding them are sold.」
For strategically held shares, the company specifies reviews by the Investment Review Committee that include the cost of capital and quantitative returns, and describes a policy of selling shares deemed to have limited need for continued ownership. It holds 49 unlisted issues worth ¥71,361 million and 17 listed issues, and sold 1 listed issue for ¥4,972 million. - FY2021ReframedAnnual report
「To enhance corporate value, the company’s policy is, in principle, not to hold strategically held shares except where important business or cooperative relationships, or the maintenance and development of business relationships, are recognized. Accordingly, it has established an Investment Review Committee as a subordinate body of the Standing Officers’ Meeting to make investments in companies whose shares it holds and to monitor and manage the status of those investments after they are made. Based on its investment rules, the committee examines the economic rationality of making an investment and continuing to hold it in light of its purpose, size, form, necessity, risks and profitability. 」
For strategically held shares, the company has adopted a policy of not holding them in principle except where important business or cooperative relationships exist, and has organized its management framework to incorporate reviews by the Investment Review Committee of the cost of capital, quantitative returns and other factors. - FY2018First statedAnnual report
「Number of securities: 67 Total carrying amount on the balance sheet: ¥58,387 million」
The company holds 67 investments other than those held solely for investment purposes, with a total value of ¥58,387 million. Its principal purposes for holding them are to strengthen relationships and promote collaboration, form friendly business relationships, and strengthen relationships with important network partners.